So Obama is going to propose capping their pay so nobody makes more than he does. Really, can’t make this stuff up.

On Thursday, the White House’s administrator for federal procurement policy, Joe Jordan, wrote on the White House blog about a legislative initiative that President Obama is sending to Congress next week “to stop excessive payments to Federal contractors.” Jordan continues:

“The proposal builds on previous Administration proposals and language included in the President’s Budget, and marks another important step in our ongoing effort to buy smarter and end wasteful, fiscally imprudent contract spending.